Leveraging its innovation centers and neighborhoods, the city is rising in the ranks.
According to the third quarter construction pipeline trend report published by Lodging Econometrics (L.E.), the top five markets with the largest hotel construction pipelines by projects is led by Los Angeles with 161 projects/26,670 rooms.
Canadian hotel occupancy decreased 1.7% to 64.7% during the week of 3-9 November. ADR rose just 0.6% to 150.54 Canadian dollars ($113.51) and RevPAR fell 1.1% to CA$97.37 ($73.42).
U.S. hotel occupancy was mostly flat (+0.1% to 69%) during the week of 3-9 November, while ADR rose 1.9% to $132.66 and RevPAR increased 1.9% to $91.53.